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Money supply rises 36% to N67trn

Money supply rises 36% to N67trn

Broad Money supply (M3) increased Year-on-Year (YoY) by 36 percent to N67 trillion as at September 2023 (9M’23) from N49.3 trillion as at September 2022, 9M’22.

UBA surpasses N1tn market capitalisation mark

UBA surpasses N1tn market capitalisation mark

United Bank for Africa (UBA) Plc has joined the elite group of companies with market capitalisation of over N1trillion    just as its share price value hits N29.90 per share.

NSIA, All On in deal to boost off-grid energy supply

NSIA, All On in deal to boost off-grid energy supply

The Nigeria Sovereign Investment Authority (NSIA) and All On, a Nigerian investor with focus on renewable energy, are joining forces to light up energy-deprived communities across the country.

The partnership is to be undertaken by deploying Distributed Renewable Energy (DRE) that utilizes small-scale solutions like solar mini-grids and home systems to reach communities without national grid infrastructure.

NERC dissolves Kaduna DisCo’s board over N182.16bn debt

NERC dissolves Kaduna DisCo’s board over N182.16bn debt

The Nigerian Electricity Regulatory Commission, NERC, has dissolved the board of Directors of the Kaduna Electricity Distribution Company, KEDC, over its inability to meet its market obligations to the tune of N182.16 billion in the past four years.

Suspected herdsmen kill 7, injure others in fresh Benue attack

Suspected herdsmen kill 7, injure others in fresh Benue attack

By Peter Duru Makurdi—At least seven persons were feared dead in fresh attacks by suspected herdsmen in Arufu, Mchia and Chembe communities of Logo Local Government Area of Benue State. The attack also left several persons injured while others are reported missing. It was gathered that the marauders had, Sunday evening, laid ambush for commuters […]

Ex-convict nabbed for robbery, drug offence, 3 days after release from Ondo prison

Ex-convict nabbed for robbery, drug offence, 3 days after release from Ondo prison

By Dayo Johnson Akure—A 29-year-old ex-convict, Matthew Simeon, has been arrested by the Ondo State security outfit, codenamed Amotekun, for alleged armed robbery and drug-related offences, three days after he was released from prison for the same crime. Simeon was paraded alongside 28 other suspected criminals arrested for various offences, ranging from kidnapping, armed robbery, […]

Tinubu dismisses FCCPC, BPE CEOs

Tinubu dismisses FCCPC, BPE CEOs

IN less than 12 hours after the suspension of the Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, President Bola Tinubu has dismissed two Chief Executive Officers.

EFCC to grill suspended Minister Edu on Tuesday

EFCC to grill suspended Minister Edu on Tuesday

 The Economic and Financial Crimes Commission (EFCC) has invited the suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, to its headquarters in Abuja, for questioning over alleged fraud. A source at the EFCC confirmed to the News Agency of Nigeria (NAN) on Monday that the suspended minister had been summoned and was expected […]